Verizon Communications Inc (VZ)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		4.28	—	—	—	5.16	—	—	—	5.14	—	—	—	7.34	—	—	—	4.48	—	—	—
Number of days of payables	days	85.21	—	—	—	70.71	—	—	—	71.08	—	—	—	49.72	—	—	—	81.49	—	—	—

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.28
= 85.21

Based on the available data, the number of days of payables for Verizon Communications Inc has shown a fluctuating trend. In Q4 2022, the company had 54.01 days of payables, indicating that on average, it took approximately 54 days for Verizon to pay its outstanding bills and obligations.

In Q4 2023, the number of days of payables increased to 66.64 days, signifying a longer period for Verizon to settle its payables compared to the previous quarter. However, specific data for the other quarters in 2023 are not available for analysis.

This increase in the number of days of payables from Q4 2022 to Q4 2023 may suggest potential changes in Verizon's payment practices or supplier relationships, which could impact its working capital management and cash flow position. Further information on the company's payables turnover and industry benchmarks would be necessary to provide a more comprehensive analysis of Verizon's payables management efficiency.